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"I have a hard time believing any objective observer could look at the results thus far to describe innovation as a success," Rep.
Anna Eshoo said during a June 13 hearing on the Center for Medicare and Medicaid Innovation.
The Washington Post reports the center was created by Congress in 2009 with a $10 billion budget "to be an engine in our drive towards value-based care," according to Rep.
Cathy McMorris Rodgers, chair of the House Energy and Commerce Committee.
The goal was to save Medicare and Medicaid money, and the Center for Medicare and Medicaid Innovation has tested more than 50 different payment models in an attempt to do just that.
But in its second decade, the Center for Medicare and Medicaid Innovation is projecting it will save only $1.3 billioninstead of the CBO's original projection of $77.5 billion.
"When CBO looked at the actual results in a September 2023 report, the disparity between those expectations and the reality proved to be staggering," McMorris Rodgers said at the hearing.
The Center for Medicare and Medicaid Innovation was created with the goal of improving the quality of care and lowering the cost of health care, according to the Center for Medicare and Medicaid Innovation's website.
In its first decade, the Center for Medicare and Medicaid Innovation projected it would save $1.3
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Sara Tamrin's research aims to "foster a paradigm shift toward holistic and inclusive solution-centric energy research." That's the goal of the University of Calgary postdoctoral researcher's...more
Foundation: Rockefeller Foundation
The World Meteorological Organization and the UK's Wellcome Trust are teaming up to fight climate change and its health effects, with a $25 million grant to the WHO and a $6 million donation to the...more
The World Economic Forum has released its annual list of the world's most powerful people. This year's list includes Kofi Annan, the former secretary-general of the UN, and Malala Yousafzai, the...more
Nearly half of all food and drink items in Italian supermarkets are packaged in plastic that can be removed or replaced with alternatives, according to a new study from Born2Invest. The research...more
Social investment is on the rise, and by 2024, we'll be in the "era of impact accounting," says Sir Ronald Cohen, founder of the International Foundation for Valuing Impacts. He spoke Monday in...more
Good news for those worried about the planet's water supply: There's a new way to invest in it. Fidelity has launched the Fidelity Funds 2 Blue Transition Bond Fund, which the company says is the...more
Climate change isn't just a global problem, it's a local one that's affecting everything from air quality to rainfall in Australia. So the country's Murray-Darling Basin Water Fund is turning to...more
"We need to build capacity at all levels to unlock the potential of finance as a powerful tool for change, especially at a time when private capital is crucial in driving the global transition to a...more
Environmental, social, and corporate governance (ESG) factors have been gaining traction in the investment world in recent years, and the New York Times takes a look at what they're doing and how...more
The UN is teaming up with Azerbaijan's Central Bank to try to make the former's economy as green as possible, reports Trend. The two are working on "green finance and sustainable development,"...more
Social Entrepreneurship
Spotlight
New Age of Philanthropy: #GivingTuesday
A part of a series produced by The Huffington Post in celebration of #GivingTuesday, which will take place this year on December 3, Kathy Calvin and Henry Timms vouch that we are living in a new era of philanthropy.
